Talent Assets and Business Opportunity

 
 

Resources to understand your Income 

I have been an employee for most of my life, assuming that doing a good job would result in loyalty by the employer and my financial needs would be met.  Of course, I should have known better.

I did start in a home-based business and generally followed the typical "harassment" marketing of friends and relatives.  I had the "why" and I worked the business.  What I did not have was the approach that fit my personality, skills, and abilities.  As a result, I backed into a approach that is more "me". 

That approach is educational marketing.  Provide the information and let people make up their mind when they are ready. (Note: the USANA business shown below is a different approach in collaboration with my neighbor.  She has an interest in the Civil War that we are incorporating with her nutrition interests. You can see her "EvSays" USANA site here.)

Does home-based business work?  (This is primarily direct marketing.)  The answer is yes and I know that from family experience.  My brother and sister in law and my brother in law have been very successful doing home-based businesses. 

Why does this work?  I think the primary reason is the fact that most sales occur as the result of a personal referral or recommendation.  Now sales do occur from "cold calls", but I think those are the starter sales.  The real volume comes from people who know you and trust you.  (See more on direct marketing.)

The following table outlines several home based businesses in which I am involved.  Each has a different mix of skills needed and cost outlay, and types of income. Click on a heading to see a more complete description.  Click on a business name to go to that website.

 

 
 
Business Type Skill Why / Resources Cost Income Pros/Cons
USANA Health Product knowledge See these moderate Residual Ins/outs
Ambit Utility Personal referral See these low Residual Steady
NetTrav Travel Distribution through contact Soon low to high Commission Variable
IVO Web site Referral See these low Residual Contacts
AdLink Internet
Advertising
Direct Sales See these none Residual Contacts
 
 


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